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Cryptocurrency investment firm Pantera Capital has predicted that Bitcoin will reach$67,500 by the end of 2019

Many Bitcoin forecasts for 2019 rest on the assumption that the U.S. Securities and Exchange Commission will approve at least one Bitcoin ETF by February

Rising Bitcoin mining costs are leading some to assert that Bitcoin will need to rise above $20,000 for miners to stay in profit

Bitcoin Price Predictions for 2019 – Could Bitcoin Hit $50,000?

Could Bitcoin soon retest $20,000? According to cryptocurrency investment firm Pantera Capital, the answer is yes. Moreover, Pantera believes that Bitcoin will reach $67,500 in value before 2019 is over. The only question is, just how much weight does Pantera’s Bitcoin forecast carry?

Using Bitcoin Mining Costs to Predict Future Prices

At face value, Bitcoin price predictions by the likes of Pantera are meaningless. No one can predict cryptocurrency market conditions a year from now. However, Pantera Capital is not the only financial institution predicting a future Bitcoin price of $60K.

Earlier in May, market research group Fundstrat predicted that Bitcoin will test $60,000 in 2019. To arrive at this figure, Fundstrat proposed a new Bitcoin price metric. Namely, a parameter which compares Bitcoin prices to current Bitcoin mining costs.

Why Bitcoin Mining Matters

The Bitcoin blockchain depends on Bitcoin mining for its survival. Without miners, transactions would not be processed and traffic on the blockchain would grind to a halt. There is just one problem.

Bitcoin Mining is Expensive

Contrary to popular belief, mining Bitcoin isn’t easy. To get started today, an individual would need to invest $2,700 – $7,000 in the latest mining hardware. Hardware would then need to be run 24/7 to earn the equivalent of $4.21 in Bitcoin per day.

Bitcoin Mining Difficulty & Energy Costs

To make matters worse for miners, Bitcoin becomes more difficult to mine as time progresses. This means that miners need to continually invest in newer hardware, while also factoring in local energy prices.

By factoring together hardware investment costs, energy costs, and increasing mining difficulty, Fundstrat has predicted that Bitcoin will need to rise to $40,000 – $60,000 by fall 2019. If not, miners will start incurring significant losses.

Bitcoin Halving

As well becoming more difficult to mine as time progresses, Bitcoin also becomes scarcer. This is thanks to ‘Bitcoin Halving.’ Namely, a periodic event which sees Bitcoin mining rewards cut by half.

To date, there have been two Bitcoin halving events. The first in 2012, saw the Bitcoin price double to $1,000. The second in 2016, saw prices once again double. This is important as the next halving event is just 2-years away.

Even Economical Bitcoin Forecasts Good News for Investors

Bitcoin mining costs and halving, mean that Bitcoin needs to reach $40,000 – $60,000 by 2020 for Bitcoin to survive. This being the case, a 2019 Bitcoin price prediction of $67,500, may well prove accurate. The only question is, will the altcoin market manage ride Bitcoin’s coattails all the way up to $50K? – Or will the future be dominated exclusively by Bitcoin alone?

QuadrigaCX is Canada’s largest and most well-established cryptocurrency exchange

Trading with QuadrigaCX is just as risky as with other trading platforms. However, there are ways to leverage trades for guaranteed profits

Before starting trading, new traders need to draw up a bullet-proof trading strategy and be ready to exercise cast iron self-discipline

How to Trade Cryptocurrency for Profit Using QuadrigaCX

Cryptocurrency trading is not for the faint-hearted. At present, it is estimated that 80% of new-to-market traders lose everything in their first 90-days of trading. Did you know, though, that it is possible to trade coins like Bitcoin for profit, even during market downturns?

The Definitive Crypto Trading Cheat Sheet

Before reading this guide, it is important to note that all trading carries significant risk. New cryptocurrency traders should, therefore, never invest more capital upfront than they can afford to lose. Much more importantly, traders need to have cast iron self-discipline.

The first step when trading cryptocurrency is to buy Bitcoin. Bitcoin is the reserve currency of the cryptocurrency market. Much more importantly, to maximize future trading profits, it is essential to buy Bitcoin for the lowest price possible.

Why QuadrigaCX?

For Canadian traders, QuadrigaCX fees are capped at 0.5% for Bitcoin purchases. (Compared to Coinbase fees of 1.49%.) As a bonus, QuadrigaCX also allows Canadian users to exchange Bitcoins to CAD and have cash deposited directly into most Canadian bank accounts.

Step 2. Sell Bitcoin Immediately at Paxful

After buying Bitcoin, most pro-traders exchange coins for promising altcoins. Did you know, though, that Bitcoin can be sold immediately, for up to 30% more than its current market value?

Peer to peer exchanges Paxful, cater for the ‘underbanked.’ Namely, those who cannot buy coins at regular exchanges like QuadrigaCX. Instead, aspirant investors buy coins directly from people who can.

Why do Local Bitcoins & Paxful Command Such High Premiums?

In theory, buying Bitcoin on QuadrigaCX, before selling coins on Paxful is easy. However, selling coins on exchanges like PaxFul is also phenomenally high-risk.

People using PaxFul to buy Bitcoin, often don’t have access to regular bank accounts, credit cards, or debit cards

Preferred payment methods will often include PayPal, Western Union, and different pre-paid credit cards

PayPal and pre-paid credit card payments can be easily reversed after being settled

Because of the high-risk of fraud involved with peer to peer exchanges, sellers can sell coins for a much higher markup.

How to Sell Bitcoin on Paxful with Relative Safety

As a rule, selling Bitcoin on Paxful can never be undertaken 100% safely. However, traders can mitigate many risks.

Coin buying requests should only ever be accepted from verified Paxful users who are willing to share personal ID and verified payment details

Selling Bitcoin on Paxful involves placing coin amounts into an escrow account. Without exception, sellers should only ever release coins when buyer payments have fully cleared

Could You Buy Bitcoin on QuadrigaCX & Sell Coins on Paxful?

Many fiat cash payment methods supported by Paxful are reversible. However, Paxful facilitates over 20,000 BTC transactions per day. (Most of which settle without any problems.) This being the case, buying Bitcoin on QuadrigaCX before selling coins on Paxful can prove lucrative. All that aspirant traders need to do, is thoroughly familiarize themselves with what risks are involved.

The Canadian government has placed a temporary hold on sweeping new cryptocurrency regulations

New legislation pertaining to Canadian blockchain companies was expected to come into force after a 12-month transition period starting in late 2018

As of August 2018, new regulatory powers now won’t be enacted until late 2019

Canada Postpones New Cryptocurrency Regulated Until 2019

As of August 28th, 2018, the Canadian Parliment has halted plans to change how blockchain companies are regulated in Canada. At present, it is unclear whether plans for stricter regulation of blockchain companies will be amended. However, what is certain is that no new legislation will start to come into effect until 2020.

Why Blockchain Companies in Canada are Breathing a Sigh of Relief

In May 2018, the Canadian government released a draft update to Canada’s Money Laundering and Terrorist Financing Act. Specifically, one which sought to impose stricter oversight of Canada-based blockchain companies.

Dedicating an entire chapter to ‘virtual currency,’ the Canadian Department of Finance stated that:

“ Virtual currencies are increasingly being used to facilitate fraud and cybercrime, and to purchase illicit goods and services on the dark Web.”

As part of an effort to counter fraud and terrorist financing, legislation has, therefore, been proposed which would impose stricter regulations on both individuals and businesses.

Canada’s New Virtual Currency Regulation at a Glance

New legislation proposed by the Department of Finance, chiefly concerns mass data collection.

If enacted, any person or entity “dealing in virtual currency” would be required to register as a bonafide money service businesses (MSB). More worryingly, each MSB would be obligated to collect accurate records concerning where cryptocurrency transactions originate, virtual currency user identities, and details concerning whom digital assets are exchanged between.

According to the Department of Finance, compliance with new legislation could result in a loss of up to $60 million for existing blockchain businesses. However, many have also argued that new legislation would stifle future innovation.

Proposed legislation does not differentiate between cryptocurrency exchanges and blockchain technology startups

It is unclear whether MSB rules would also apply to ICO token creators

As well as being vague, new regulations could potentially criminalize decentralized cryptocurrency exchanges and privacy coins

How Would Cryptocurrency Users be Affected by Changes?

The Department of Finance has stated that it does not wish to regulate virtual currencies themselves. However, many argue that proposed legislation does this by proxy. This is due to the fact exchanges and blockchain technology startups would be required to collect much more information on specific platform users.

What Happens Now?

At present, proposals outlined in Canada’s Money Laundering and Terrorist Financing Act will not start to come into force until late 2019. This gives blockchain companies one more year to carry on with business as usual. If and when new regulations do come into effect, businesses will then have a further year before legislation starts being enforced.

SEC rejection could now lead to a Bitcoin price dip pending possible disapproval of further ETFs in September

The Latest Bitcoin ETF Decision – What do You Need to Know?

In a possible blow for Bitcoin, The U.S. Securities and Exchange Commission (SEC) has rejected approval of 9 Bitcoin ETF applications. Specifically, ETFs presented by leading investment firms ProShares, GraniteShares, and Direxion. The only question is, how will the latest Bitcoin ETF decision affect Bitcoin prices going forward?

What is a Bitcoin ETF?

To understand how the latest Bitcoin ETF decision might affect investors, it is important to understand what an ETF is.

Canada boasts one of the worlds best cryptocurrency adoption rates. In a recent survey, 58% of Canadians identified themselves as being invested in Bitcoin. However, for the most part, all such investment is consumer market-based. People on the street are invested in Bitcoin. Companies and institutional investment firms, on the other hand, are not.

Bitcoin EFT Rejection Doesn’t Really Change Anything

At present, institutional investors refrain from investing in Bitcoin, because the process is too complicated.

Investing in cryptocurrency requires the identification of a single person who can be trusted to register at an exchange, buy Bitcoin, and store coins safely. ETFs would change this. A Bitcoin ETF would be similar to a regular stock bundle. Traders would then have the option to buy, sell, and trade ETF shares, in the same way they do regular stocks.

The only way to invest in cryptocurrency at present is to buy Bitcoin and other coins from exchanges like MyBTC.ca or QuadrigaCX.com

Buying Bitcoin from exchanges is too high-risk for institutional investors. (Most exchanges are unregulated. Also, if an exchange is hacked or an account validation error occurs, investors would be liable for any loss of funds)

A Bitcoin ETF would benefit investors by allowing traders and investors to buy and sell BTC instantly via the mainstream stock market

Because Bitcoin ETFs are not already on the market, the latest Bitcoin ETF decision doesn’t change anything. However, this doesn’t make the present Bitcoin price any less volatile.

Will Bitcoin go Up or Down as a Result of the Latest SEC Decision?

By and large, Canadian investors HODL Bitcoin. However, the latest EFT news puts traders in particular, in a very challenging position.

The U.S. Securities and Exchange Commission has cited potential price manipulation, as its reason for rejecting current Bitcoin ETF applications. However, alternative ETF applications presented by VanEck and Bitwise, will not be approved or rejected by the SEC until Sept 30th.

Delaying a decision on further ETF applications until late September may see investors pump the Bitcoin price higher up to this point. However, if the SEC rejects Bitcoin EFT applications presented by Bitwise and VanEck, this could lead to a considerable decline in cryptocurrency prices.

Is Bitcoin Still a Viable Long-Term Investment?

In its recent ETF ruling, the U.S. Securities and Exchange Commission stated that:

“Disapproval does not rest on an evaluation of whether Bitcoin, or blockchain technology more generally, has utility or value as an innovation or an investment.”

In short, SEC rejection of Bitcoin EFTs does not diminish the real value of Bitcoin. Moreover, new ETF applications will continue to be presented by other investment firms. Institutional investors want ETFs just as much as existing cryptocurrency investors do. All that remains to be seen, is when such investors will be given an opportunity to enter the market.

MyBTC.ca has now added the ability for you to buy Bitcoin on with Interac e-Transfer which is offered by almost all Canadian banks & credit unions.

How can I buy Bitcoin with Interac e-Transfer today?

Step 1. On the homepage select “Buy Now” under the Interac e-Transfer payment option to start the account and order creation process.

Step 2. Enter your profile information and then complete any 2 methods of identity verification presented on the verification page. If you have already completed 2 methods of identity verification then skip to the next step.

Step 3. If you have a balance you will be able to complete the transaction that same instant. If you do not have a balance, start the account funding process by requesting the Interac e-Transfer instructions to be emailed to you.

Step 4. After you have sent the Interac e-Transfer, following the special instructions they provide, it will take approximately 1-2 hours (up to 12 hours in rare instances) for compliance to review and their payment processor to deposit. Once the funds have been added to your account balance you will receive an email notification advising you to create a new order and instantly complete the transaction for your Bitcoin.

If you only pass 1 of 2 verification methods, the next best solution is to buy Bitcoin using Interac Online or Flexepin vouchers.

Interac Online is only compatible with client cards without a Visa/MasterCard logo on them. Therefore, Interac Online still works with older TD client cards and those issued by numerous participating credit unions featured on this page: http://interac.ca/en/interac-online-consumer.html

You can purchase Flexepin vouchers online at TopMeUp.ca with Interac e-Transfer or Visa/MasterCard debit to redeem on MyBTC.ca for Bitcoin.

FastBTC.ca strive’s to offer what every other crypto service seems to be failing miserably at: BLISTERING FAST INTERAC E-TRANSFER PAYOUTS!

Their service allows you to sell Bitcoin (or altcoins through their Shapeshift and Changelly integrations) and receive an Interac e-Transfer within 30 minutes, 24/7.

Here’s a concise list of their features and benefits:

No Signup Required – All you need is an email address to receive your payment.

Single Confirmation Payouts – Get paid FAST. Your rate is locked in the moment they see your transaction, and it’s sent the moment it confirms.

Altcoins Accepted – Use their integrated Shapeshift and Changelly services to sell over 60+ altcoins for Interac e-Transfer.

100% Security By Design – Since all transactions are processed immediately they don’t offer BTC wallets, your coins can never be stolen.

2-Step Simplicity – They like being Fast, so they made the whole process that way. Simply enter your email address to receive a BTC deposit address, then send your transfer over.

Live Chat – Their service is so simple that you should never have any issues. But, if you do, knowledgeable agents are waiting to help you out most of the day.

Want some cool ideas on how you can use their service?

Once you create a deposit address, it’s linked to your email address and you don’t have to come back. Any BTC sent there will be automatically converted into an Interac e-Transfer at the current rate.

Prefer to use a different deposit address every time but want to see your entire history? Register for an account and that’s exactly what you’ll get.

You can give your deposit address out to friends and clients. Think of it as your personal gateway from BTC to CAD. You’ll receive an e-Transfer for any BTC that gets sent to your address, even if you aren’t doing the sending.

Protip: Enable Interac e-Transfer autodeposit at your bank and make cashing out a 1 step process!

One last thing! Because they love BuyingBitcoin.ca readers, they are offering you guys a promo code to reduce your fees by 10-20% (depending on market conditions). Below the email address field, click “I HAVE A PROMO OF REFERRAL CODE” and enter MYBTCBONUS for a bonus rate! But be quick, the offer is only valid until the end of this month! FastBTC.ca

You will be pleased to know that MyBTC.ca has added a new InstantDebit payment method that helps customers who bank with CIBC, Scotia & Simplii Financial buy Bitcoin in seconds on https://mybtc.ca.

Payment using InstantDebit is performed by logging into your online banking over a secure payment gateway for instant authorization and debit of funds from your bank account to MyBTC.ca as the merchant.

QuadrigaCX is the only Canadian exchange of nearly 20 that has committed to a contingency plan in the event that the bitcoin network splits in two, creating two competing currencies.

These exchanges are now planning to list Bitcoin Unlimited (BU) as they would an alternative cryptocurrency, according to the statement. BU is an alternate implementation of the bitcoin software that seeks to expand the block size in an effort to scale the network’s capacity.

The plan is backed by Bitfinex, Bitstamp, BTCC, Bitso, Bitsquare, Bitonic, Bitbank, Coinfloor, Coincheck, itBit, QuadrigaCX, Bitt, Bittrex, Kraken, Ripio, ShapeShift, The Rock Trading and Zaif – the exchanges would list the BU asset under the BTU or XBU tickers in the event of a network split, which they collectively say “may be inevitable”.

Cryptocurrencies such as Bitcoin and Dash have a big role to play in the future of remittance payments. Cryptocurrencies are easy to transfer across the globe without being hindered by banking requirements. Bitso, one of Mexico’s largest bitcoin exchanges, has created a Mexico-Canada remittance corridor with the help of Paycase. Moving funds from bank accounts between the two countries by using blockchain technology is now an official feature.

QUEBEX FINTECH Inc. has just launched the first Canadian P2P Bitcoin Exchange at www.Quebex.com. Canadians now have a safer way to buy and sell Bitcoins.

Unlike other P2P Bitcoin exchanges, users who register with Quebex face a rigorous vetting process with many layers of security checks to help weed out bad actors. Since implementing their current verification policy in late 2016, Quebex has seen hundreds of trades without a single instance of fraud.

Quebex is also a federally registered Money Service Business with FINTRAC. Their registration with FINTRAC should reassure clients that we take exhaustive precautions to ensure that the Bitcoins you buy come from legitimate sources. By adhering to these standards and proactively monitoring transactions, Quebex is making Bitcoin trading safer for everyone who uses its services.

A P2P exchange is a marketplace where users can buy and sell Bitcoins directly to and from each other.The site allows users to post advertisements where they state exchange rate and payment methods for buying or selling Bitcoins. Bitcoin prices and fees on www.Quebex.com have traditionally been much lower than on competing sites.